Business
Community Tasks NDDC On Abandoned Road Project
The people of Bien Gwara Community in Khana Local Government Area of Rivers State have called on the management of the Niger Delta Development Commission, (NDDC) to expedite action on the abandoned Bien Gwara – Laalaa linked road awarded by the NDDC close to a decade ago. Stakeholders in the community who spoke with The Tide on the road project, said the contract which was awarded to Snow Integrated Services has remained abandoned as the contractor, Mr. Nnamdi Udensi was no were to be found.
The Paramount Ruler of Bien Gwara Community, Chief Macdonald Nwiyor, appealed to the management of NDDC to come to the aid of the people and complete the road project which is now in a deplorable state following years of neglect.
The paramount ruler disclosed that the situation of the road was worsened especially during the rainy season thereby constituting grave difficulties to the road users.
Also commenting, a youth leader in the Community, Comrade Peter Kponeh, said the poor state of the road has affected economic activities in the community as free movement is obstructed.
He said the affected road was the major link to the economic hub of Gwara community at Laalaa and appealed to the management of NDDC to assist the people by asking the contractor to mobilise to site.
Comrade Kponeh who expressed confident in the new management of the NDDC to deliver on its mandate, said the completion of the abandoned Bien Gwara-Laalaa road project would boost economic activities in the community and make the teeming youths in the area productive. He added than the completion of the road project would stem rural urban migration as most youths would earn a better living at home than migrate into the township in search of white collar jobs that are not available.
He said the management of NDDC should take stringent punitive measures against defaulting contractors to serve as a deterrent to others.
Taneh Beemene
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
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